The Firelight deposits cap has been increased to 65M FXRP

Follow our updates on official channels for more information.

“We have spent years stress-testing risk models across the ecosystem. Firelight leverages this proprietary dataset to do what others could not: create a capital-efficient, large-scale protocol capable of underwriting technical and economic risk.”

Jesus Rodriguez

CO-FOUNDER AND CPO OF SENTORA

Why Firelight

Firelight enables economic protection for DeFi assets with smart, on-chain cover mechanics while unlocking sustainable, real rewards for stakers.

Maximum Security

Your assets are protected with cutting-edge security protocols.

XRP Rewards

Earn staking rewards on XRP with programmatic exposure to tier-one DeFi protocols.

Maximum Security

Your assets are protected with cutting-edge security protocols.

Firelight Coverage Eligibility

Firelight enables digital asset coverage for major economic and technical risks.

Smart Contract Exploits

Losses caused by bugs or vulnerabilities exploited in the protocol’s smart contract code.

Reentrancy Failures

Losses caused by reentrancy vulnerabilities allowing repeated withdrawals before balances update correctly.

Oracle Manipulation

Losses caused by manipulation of price feeds used to determine protocol asset values.

Governance Attacks

Losses caused by malicious governance actions that alter protocol rules or drain funds.

Bad Debt

Losses caused when protocol liabilities exceed collateral and cannot be fully repaid.

How Firelight Enables a DeFi Cover Marketplace

1

Stake Assets

Stake assets through a DeFi cover staking layer, where funds are programmatically secured in non-custodial DeFi Cover vaults.

2

Coverage Framework

DeFi coverage frameworks are registered on-chain, allowing third parties to securely purchase coverage through an agent.

3

Earn Fees

Through automated cover contracts, stakers are entitled to their share of fees from cover buyers.

4

Submit and Process Coverage Events

When a coverage event is submitted, the agent sends it to an independent consortium for review, and funds are programmatically dispersed upon approval.

Staking Mechanism

Firelight’s staking mechanism lets you earn rewards on your XRP without sacrificing liquidity. When you stake XRP through Firelight, the protocol automatically issues you a liquid staking token (LST) that represents your staked XRP. This token enables you to not only capture Firelight rewards, but also explore DeFi opportunities while your principal remains staked.

Institutional-grade

Firelight was developed through close collaboration with leading institutional technology partners, combining deep industry expertise and cutting-edge innovation to deliver a secure and scalable solution.

Use in DeFi

With your XRP LST, access a wide range of DeFi protocols, unlocking new opportunities to optimize potential rewards and returns.

Unlock Anytime

Your XRP is locked on the XRP Ledger when you stake, but unstaking is straightforward. Once you initiate the process, XRP is unlocked automatically after a brief unbonding period.

Incubated by Sentora

Sentora, a market leader in institutional DeFi, curates over 1,000 risk management models, with billions deployed into DeFi strategies.

1,000+

Risk Models

$2B

IN ASSETS DEPLOYED

300+

Strategies Monitored

Security and Audits

Firelight uses Flare’s FAssets to bring XRP into the protocol. The FAssets bridge is fully overcollateralized, decentralized, and extensively audited, providing a robust on/off-ramp for XRP into DeFi.

Firelight has completed two audits—one by OpenZeppelin and one by Coinspect, and has a bug bounty program supported by Immunifi to help ensure maximum security.

Why Protocols Integrate Firelight

Protocols that integrate Firelight unlock a new layer of value: higher user trust, stickier TVL, and a safer experience — all without touching their core mechanics. It’s a seamless way to offer peace of mind and stand out in a competitive DeFi landscape.

Others

Struggle to grow or retain TVL due to user uncertainty.
Lose credibility by relying on vague, unverifiable risk assumptions.
Blend into the crowd with no clear identity or competitive edge in a saturated DeFi market.
Unlock new institutional capital by providing security coverage.
Transform smart contract risk into collateral risk.
Enable more robust financial primitives.

Insights

Explore our latest articles

Why Hypernative Strengthens the Firelight Risk Consortium

Hypernative's role within the Firelight Risk Consortium is an integral one, bringing industry-leading threat intelligence and security monitoring capabilities to help deliver transparent, objective, and technically rigorous claims assessments.

Introducing the Firelight Risk Consortium

Firelight launches risk consortium with GFX Labs, Hypernative, Credora, Native, and Cyfrin to provide a transparent neutral review process for onchain cover events.

Firelight Partners with Lombard to enable Bitcoin as DeFi Coverage Asset

Firelight Protocol is partnering with Lombard, the protocol behind LBTC, BTC.b, and Bitcoin Smart Accounts, to explore how Bitcoin could be used within DeFi coverage markets. The collaboration is currently focused on two potential paths: covered Bitcoin Smart Account DeFi vaults for Lombard users, and a Bitcoin-backed coverage vault on the Firelight side where deposited BTC could serve as collateral backing coverage capacity.

Tranches Mitigate. Cover Protects.

Why a senior tranche position is not insurance, and what cover actually addresses.

See More Insights

Frequently Asked Questions

Find quick answers to the most common questions about Firelight

How will Firelight enable rewards?

How does XRP staking work?

What is the role of the Flare Network?

What events are covered?

What can be done with Firelight Points?

What happens when covered events occur?

How is Firelight different from insurance?

Need More Details?

Check out Firelight’s documentation.

Docs
Litepaper

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© 2026 Firelight

The information contained on this website is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, products, services by Firelight or any of its affiliates, in any jurisdiction. No offer or solicitation is made to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws or other applicable laws of such jurisdiction, or where the person making such offer or solicitation is not qualified or licensed to do so. Firelight does not provide professional advice and nothing herein constitutes a recommendation, offer or advice. By accessing this website, you acknowledge that you have read and agree to the Terms and Conditions and the disclaimers.


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